Land and Buildings Transaction Tax (Scotland) Act 2013 (asp 11)

PART 2 S Key concepts

CHAPTER 3 S Chargeable transactions and chargeable consideration

Contingent, uncertain or unascertained consideration S

19 Uncertain or unascertained consideration S

(1) Subsection (2) applies where the whole or part of the chargeable consideration for a transaction is uncertain or unascertained.

(2) The amount or value of the consideration is to be determined on the basis of a reasonable estimate.

(3) In this section, “uncertain”, in relation to consideration, means its amount or value depends on uncertain future events.

Commencement Information

I1 S. 19 in force at 1.4.2015 by S.S.I. 2015/108, art. 2